Will car manufacturers be exposing themselves to more liability considering that the technology they use and sell is ultimately driving the vehicle? If this is the case, is there even going to be a need for private insurance in the future?
These are all questions that will need to be answered sooner rather than later, as they will form a fundamental aspect into the feasibility of this form of technology. One thing is for sure, it will affect insurance companies and policy makers, and they will need to develop as fast as the cars themselves are developing to ensure they remain relevant and provide the service required.
No one can be entirely sure what the exact ramifications of driverless cars will be for the insurance industry. However, it’s still advised that regardless of how modern, green and safe your vehicle might be, it’s always best to have that added layer of safety with the required comprehensive car insurance cover.
Although it’s unlikely that we will see a driverless formula one race in the near future or ever, the concept is closer to reality than many of us may think. Driverless cars are coming and it will be the company’s that dream the biggest, adapt the quickest and plan ahead who will thrive.